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PORTLAND, OR, Jun 20, 2007 (MARKET WIRE via COMTEX News Network) -- FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has been
awarded a $36.4 million firm fixed-price contract from the U.S. Army
Space and Missile Defense Command in Huntsville, Alabama for its Star
SAFIRE® III stabilized multi sensor systems. The units delivered
under this contract will support the U.S. Marine Corps G-BOSS
(Ground-Based Optical Surveillance System) program. Work will be
performed in FLIR's Portland, Oregon production facility. Deliveries
will begin immediately.
"This contract, a continuation of FLIR's relationship with the Army
RAID Program Office, demonstrates the value of our systems for force
protection applications. We are pleased the U.S. Marine Corps has
chosen FLIR products for this critical mission," said Earl R. Lewis,
President and CEO of FLIR Systems, Inc.
Forward-Looking Statements
The statements in this release, including the statements of Earl R.
Lewis, are forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
are based on current expectations, estimates and projections about
the Company's business based, in part, on assumptions made by
management. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult to
predict. Therefore, actual outcomes and results may differ materially
from what is expressed or forecasted in such forward-looking
statements due to numerous factors, including the following: the
ability to manufacture and deliver the systems referenced in this
release, changes in demand for the Company's products, product mix,
the timing of customer orders and deliveries under the agreement
discussed above, the impact of competitive products and pricing, the
Company's continuing compliance with US export control laws and
regulations, the timely receipt of export licenses for international
shipments, constraints on supplies of critical components, excess or
shortage of production capacity, the ability of the Company to
manufacture and ship products in the time period required, actual
purchases under agreements, the continuing eligibility of the Company
to act as a federal contractor, the amount and availability of
appropriated government procurement funds and other risks discussed
from time to time in the Company's Securities and Exchange Commission
filings and reports. In addition, such statements could be affected
by general industry and market conditions and growth rates, and
general domestic and international economic conditions. Such
forward-looking statements speak only as of the date on which they
are made and the company does not undertake any obligation to update
any forward-looking statement to reflect events or circumstances
after the date of this release.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture and
marketing of thermal imaging and stabilized camera systems for a wide
variety of thermography and imaging applications including condition
monitoring, research and development, manufacturing process control,
airborne observation and broadcast, search and rescue, drug
interdiction, surveillance and reconnaissance, navigation safety,
border and maritime patrol, environmental monitoring and ground-based
security. Visit the company's web site at www.FLIR.com.
Company contact: SOURCE: FLIR Systems, Inc.
http://www.flir.com
Tony Trunzo
FLIR Systems, Inc.
(503) 498-3547
www.flir.com
